You are here

Readymix after-tax loss down to $1.5m

Monday, March 3, 2014

The Readymix (West Indies) Ltd (RML) Group recorded a loss after tax of $1.58 million for the year ended December 31, 2013, compared to a loss of $8.5 million in 2012. Operating profit for the 2013 year was $4.59 million versus an operating loss of $8.4 million in 2012, an improvement of $12.9 million, the company’s results stated.


“The Group undertook a restructuring exercise of Premix and Precast Concrete Incorporated (PPCI), its subsidiary in Barbados, and incurred a cost of $4.5 million, inclusive of the impairment of goodwill. “In Trinidad, there was overall improvement in performance based on increased activity in the construction sector and the demand for aggregate in the industry, and this is likely to continue,” stated the results.


User comments posted on this website are the sole views and opinions of the comment writer and are not representative of Guardian Media Limited or its staff.

Guardian Media Limited accepts no liability and will not be held accountable for user comments.

Guardian Media Limited reserves the right to remove, to edit or to censor any comments.

Any content which is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will be removed.

Before posting, please refer to the Community Standards, Terms and conditions and Privacy Policy